Refund request for CapCut Pro subscription

That is up to your bank how long they hold the refund before posting it to your account. You can see here the expectations depending on the payment method that was used. All Apple can do is process a refund, and you can clearly see that if it was to your Apple Account it would be there in 48 hours. Apple has no control over your bank posting the refund to your account. For some banks, it is a financial decision to wait, so they can collect as much interest as possible.

• Store credit—It might take up to 48 hours to see the refund in your Apple Account balance.
• Mobile phone billing—It might take up to 60 days for the statement to show the refund. Processing time might be affected by your carrier. You can contact your carrier for an update.
• Credit and debit cards, Apple Pay, Apple Cash, and all other payment methods—It might take up to 30 days for the statement to show the refund. If you don't see the refund after 30 days, contact your financial institution.

Check the status of a refund for apps or content that you bought from Apple - Apple Support